Volvo secures record truck order in India

Volvo Trucks in India has secured an order for 125 trucks, the company’s largest order since being established in the country.

Vijay Leasing Company in Hyderabad, India has purchasing 125 Volvo FM trucks and the trucks will be delivered in the summer of 2009 for use in coal and steel mines in southern India. The vehicles will join the fleet of 108 Volvo trucks already owned by Vijay Leasing Company.

In Volvo Trucks' full ten-year presence in India, this is the largest order ever and a milestone, according to Pär Östberg, member of Volvo's Group Executive Management and President of Trucks Asia.

"In India, Volvo Trucks belongs to the premium segment and has secured a place as the leading manufacturer in terms of safety and environmental responsibility", says Pär Östberg. "We have a solid customer base, very strong customer relationships and the best aftermarket solutions".

Pär is cautiously optimistic about the Indian truck market and views the order as a sign that the vehicle market in India may be on the rise.

"We are observing positive signs of a recovery regarding light trucks and buses. In terms of heavy trucks, the market is still declining, but at a slower rate."